skip to main | skip to sidebar

Friday, November 14, 2008

Housing getting worse

This year some cities saw loss over 30% in price. Housing prices are losing value and are going down fast. This started in 2006. HDRKID made the prediction in 2005 even before hurricane katrina hit. After the hurricane hit people blamed the disaster for high gas prices over $3/gal and slow real estate sales. Well, here we are. Gasoline is now under $2/gallon and falling. The problem is not high fuel prices; no, we are going into a deep deflationary depression.